Austin has seen consistent economic growth for the past several years, turning its multifamily industry into one of the most aggressive markets in the nation. National developer, builder, and investment manager of Class A multifamily assets JPI took note and announced the opening of its new office in Austin.

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The improvement program will feature renovations to the main lobby and common areas. Lincoln Property Co.’s Michael Howell and Matt Davis are in charge of leasing the the property, which has two available floors that feature an internal staircase and upgraded finishes.

VEREIT may receive as much as $200 million, composed of $120 million in cash at closing and as much as $80 million in fees to be paid under a six-year service agreement based on Cole’s future revenues.

With the cost of PV solar installations at a low, rooftop solar leases have more income potential than ever before. Gabriel Schnitzler of Mintz Levin shares key operational and legal considerations for property owners to keep in mind when diving into this new opportunity.